ACO Group climbed and touched the RM0.34 resistance level. With its 21-day moving average pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.36, followed by RM0.37. The downside support is marked at RM0.31. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.34
Target: RM0.36, RM0.37 (time frame: 2-4 weeks)
Exit: RM0.31
Source: AmInvest Research - 10 Nov 2021
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Created by AmInvest | Nov 21, 2024